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The Right Accounting Software Can Increase Your Profits

Contractor Bookkeeping

Most construction business owners who use accounting software quickly master the basics. 1 Cash On Hand - This report shows you how much cash you have in your checking accounts, savings accounts, payroll accounts, hip national bank (your wallet), and petty cash box in your office. #2

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Accounting for Retention Receivable & Payable: A Contractor’s Guide

Levelset

In an attempt to hold contractors accountable, many projects use retention holdbacks, also known as retainage. These holdbacks need to be accounted for by every party to a project: owner, general contractor, and subcontractor. Retention receivable and payable is different from accounts receivable and payable. Steven Peterson.

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The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins. By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. And the pressure is rising.

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Annual Tax Return Pointers For Construction Contractors

Contractor Bookkeeping

Tip number one for construction company owners is to update financials every month, using a streamlined software or cloud-based system. Second - The Profit And Loss Balance Sheet is what Tax Accountants use. They are referred to and reviewed over and over by banks and others.

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Unique Highly Profitable Contractors Use Job Costing And Financial Reports

Contractor Bookkeeping

Successful Contractors Find Keys To Growth And Profit In Their Accounting. Software and the desire to do everything with our phone is the “Grownup’s Version” of the Candy Store all year long. Have all of the money go in or out of my bank account. Halloween is the official Kickoff of the Holiday Season.

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What Is Xero Accounting Software And Why Are We Offering It?

Contractor Bookkeeping

What Is Xero Accounting Software? Xero Is An Established Leader In Accounting Software having been around since July 2006 and has quickly grown to over 200,000 users. And they have made obsolete some of the less useful online software which was built as a lite version of their desktop counterparts like QuickBooks Online.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. SOFTWARE |. Software & Technology. Accounting & Finance. Mountjoy, Chilton, Medley LLP is a CPA firm with a team of accountants dedicated to construction accounting. Building your case beforehand can certainly help and makes you look better in the eyes of the bank. STRATEGY |.

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